Freeze Tag Inc (FRZT)

[SooS416]

That is not true from a margin perspective

in 2015 Gross margin was 4.8%
in 2016 Gross margin was 1.1%

in 2015 net margin was 3.5%
in 2016 net margin was .7%

so far for 2017

Gross margin is 4.4% lower than in 2015
Net margin .9% well lower than 2015

And the 2017 costs are all based on them not being a public entity, costs will increase to be public as the audit will be more expensive as well as building out controls and all other items that now need to be done by the Munzee team